Nitches Inc (NICH)

[ptcgolf]

This is not going anywhere for awhile, shorts will feast on any move up. Here are your terms:

The “Initial Conversion Price” shall mean 50% multiplied by the Trading Price on the date prior to the funding of this Note (representing a discount rate of 50%). The "Variable Conversion Price" shall mean 50% multiplied by the Market Price (representing a discount rate of 50%). “Market Price” means the lowest Trading Price for the Common Stock during the twenty (20) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.